Few companies are taking advantage of third-party access to Chinese infrastructure. (CNOOC Tianjin LNG) LNG

China’s NOCs drag feet on third-party access

Only eight companies in three years have taken advantage of measures to promote third-party access to China’s LNG import infrastructure.

By Tang Tian 24 May 2017
LNG

Northeast Asia spot LNG averages $5.20/MMBtu

Spot prices for LNG imported by Japan, South Korea, China and Taiwan continued to edge down last week.

9 May 2017
Supply & Demand

Chinese gas imports hit 20 mt in first four months of 2017

China imported 20.11 mt of LNG and pipeline gas in the first four months of 2017, up by 5.4% year on year.

8 May 2017
Supply & Demand

Lower VAT will boost Chinese consumption and revenues

A lower VAT rate on China’s gas imports will stimulate consumption of the fuel and increase the revenues of China National Offshore Oil Corp. and China National Petroleum Corp.

8 May 2017
CNOOC’s Putian LNG terminal. China is open to increasing its US LNG imports if the price is right. (CNOOC) LNG

Cautious China mulls US LNG import ramp-up

Chinese importers continue to look past US projects for LNG supply, but interest in American volumes is picking up.

8 May 2017
Exploration & Production

Qinghai Oilfield gas output hits 18 MMcm/d

PetroChina subsidiary Qinghai Oilfield has reached a production level of 18 million cubic metres per day.

5 May 2017
LNG

Tianjin terminal sells 140,000 tons of trucked LNG in Q1

China National Offshore Oil Corp.’s Tianjin LNG terminal sold 140,000 tons of trucked LNG in the first quarter of 2017.

5 May 2017
Global Markets

Preliminary works at Karamay trading centre approved

The Chinese city of Karamay has won approval to start preliminary work on an oil and gas trading centre.

4 May 2017
Exploration & Production

CNOOC production from South China Sea blocks hits 8.2 bcm

CNOOC has said its five deepwater gas fields in the South China Sea have supplied a combined 8.2 bcm of gas since the first field went online in April 2014.

4 May 2017
LNG

Qatargas delivers first LNG to Yuedong terminal

Qatargas has delivered its first LNG shipment to China National Offshore Oil Corp.’s Yuedong LNG terminal.

4 May 2017
The Amu Darya gas project in Turkmenistan. Supplies to China from the country have dipped recently. (CNPC) Supply & Demand

China hits pause on Uzbek imports in first quarter

A stoppage in Uzbek volumes and lower Turkmen transmissions dragged down China’s pipeline imports for the second quarter in a row in Q1.

3 May 2017
LNG

Chinese LNG prices fall 6% in April

Chinese wholesale LNG prices fell by 6.23% in April from the previous month, to RMB 3,068/t.

3 May 2017
Companies & Finance

Shenzhen Gas sells 504 MMcm in Q1

China’s Shenzhen Gas sold 504 MMcm of gas in the first quarter of 2017, an increase of 11.75% year on year.

2 May 2017
The Sanjiao CBM project operated by Sino Oil & Gas in Shanxi. (Sino Oil & Gas) Exploration & Production

CNOOC warms to foreigners in CBM tender

CNOOC is welcoming foreign participation in its first-ever tender of onshore CBM acreage as it seeks outside help for its unconventional gas ambitions.

2 May 2017
LNG

Asian spot LNG prices fall 17% in March

Spot LNG prices in Japan, South Korea, China and Taiwan fell by an average of 17.68% month on month.

2 May 2017
Companies & Finance

China’s NOCs announce healthy Q1 profits

The listed units of China’s three NOCs released their Q1 results on Thursday.

28 April 2017
Supply & Demand

China is world’s sixth-largest gas producer – ministry

China is the sixth-biggest gas producer in the world, having risen from ninth place in 2007, according to the Chinese Ministry of Science and Technology.

28 April 2017
LNG

Rudong LNG terminal supplies 1.5 bcm in Q1 2017

PetroChina’s LNG terminal in Rudong county in Jiangsu province supplied 1.52 billion cubic metres of gas in the first quarter of 2017.

28 April 2017
Supply & Demand

Gas to account for 15% of China’s energy mix by 2030

The share of gas in China’s primary energy mix will reach 15% by 2030, according to the NDRC.

28 April 2017
Global Markets

China’s oil and gas reform plan due for release in May

China’s long-awaited oil and gas reform plan may be released in May.

27 April 2017
Supply & Demand

Sichuan gas consumption up 20%

Gas consumption in the Chinese province of Sichuan surged by 20% year on year in the first quarter of 2017, to 5.41 billion cubic metres.

27 April 2017

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